M&A Deal Summary

CIC Partners Acquires Willie s

On September 15, 2015, private equity firm CIC Partners acquired restaurant Willie s

Acquisition Highlights
  • This is CIC Partners’ 7th transaction in the Restaurants sector.
  • This is CIC Partners’ 34th transaction in the United States.
  • This is CIC Partners’ 19th transaction in Texas.

M&A Deal Summary
Date 2015-09-15
Target Willie s
Sector Restaurants
Buyer(s) CIC Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Willie s

Houston, Texas, United States
Willie's is a regional fast casual restaurant concept operating 17 restaurants across Central Texas. Since opening its first restaurant, Willie's Grill & Icehouse has built a loyal following attracted to its made-from-scratch, Texas-inspired fare. Hearty burgers, local seafood, and fresh salads accompany troughs packed with an ice-cold beer in a rustic setting reminiscent of a Lone Star icehouse. Willie's was formed in 1993 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

CIC Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1974
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CIC Partners is a lower middle-market private equity firm that targets investments in energy, food service, manufacturing, service, retail, technology, and media companies. CIC looks for businesses generating sales of $10 to $500 million where the firm can invest $5 to $50 million of equity capital, either as a majority or minority position. Prospective transaction situations include management-led buyouts, growth financings, and recapitalizations. CIC Partners is the successor to Cardinal Investment Company's Private Equity Group, originally formed in 1974. CIC Partners is based in Dallas, Texas.

DEAL STATS #
Overall 35 of 43
Sector (Restaurants) 7 of 7
Type (Buyout (LBO, MBO, MBI)) 12 of 15
State (Texas) 19 of 25
Country (United States) 34 of 42
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-01 Tiff’s Treats

Austin, Texas, United States

Tiff’s Treats is a manufacturer and delivers classic, baked-to-order cookies, and brownies straight from the oven to the home or office. Tiff’s Treats was founded in 1999 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-13 Continental Structural Plastics

Auburn Hills, Michigan, United States

Continental Structural Plastics Inc. (CSP), is a manufacturer of compression-molded, reinforced plastics used in automotive and industrial end-products.

Sell $825M
Mergr

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